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MDRX

Allscripts

$9.47

-0.04 (-0.42%)

08:03
01/15/20
01/15
08:03
01/15/20
08:03

Allscripts partnership with PIH Health extended through 2025

Allscripts announced that PIH Health, a healthcare system based in Whittier, California, has extended its solutions, services and outsourcing engagement with Allscripts through 2025. PIH Health has used Allscripts solutions since 2004, including the Sunrise EHR platform, the Allscripts TouchWorks EHR platform and the Allscripts CareInMotion population health suite. With this extension the health system is also expanding use of these solutions to its newly acquired PIH Good Samaritan Hospital and has cemented itself as one of Allscripts largest client relationships.

  • 15

    Jan

MDRX Allscripts
$9.47

-0.04 (-0.42%)

08/23/19
JEFF
08/23/19
DOWNGRADE
Target $75
JEFF
Hold
Cerner assumed at Hold, down from Buy, at Jefferies
Jefferies analyst David Windley assumed coverage of Cerner (CERN) with a Hold rating, down from the firm's prior Buy rating, stating that he thinks spending for hospital IT is challenged after years of aggressive implementations. He believes the market understands Cerner's path well and believes the company's margin targets "require some heavy lifting," Windley stated. He also assumed coverage of NextGen Healthcare (NXGN) with an unchanged Hold rating and assumed coverage of Allscripts (MDRX) and Vocera (VCRA) with unchanged Buy ratings. Windley set a $75 price target on Cerner shares, up from the firm's prior $69 target.
08/23/19
JEFF
08/23/19
INITIATION
Target $13
JEFF
Buy
Allscripts assumed with a Buy at Jefferies
Jefferies analyst David Windley assumed coverage of Allscripts with a Buy rating and $13 price target, noting that its Q2 bookings beat estimates and revenue guidance reflects growth for the second half. He also thinks cash flow will turn positive after the DOJ settlement is paid.
09/26/19
DBAB
09/26/19
INITIATION
Target $11
DBAB
Hold
Allscripts initiated with a Hold at Deutsche Bank
Deutsche Bank analyst George Hill started Allscripts Healthcare Solutions with a Hold rating and $11 price target.
11/26/19
UBSW
11/26/19
INITIATION
Target $11.5
UBSW
Neutral
Allscripts initiated with a Neutral at UBS
UBS analyst Kevin Caliendo initiated coverage of Allscripts with a Neutral rating and $11.50 price target. Recent "lackluster" sales execution and a "less stable" client base than its larger peers makes it difficult to gain confidence in Allscripts achieving near-term growth at its three-year organic annual guidance of 3.5%-6.0%, Caliendo tell investors in a research note. The analyst finds it difficult to chart an upside pathway to consensus estimates.

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